Gig Economy Firms Oppose US Government Efforts To Reclassify Company Drivers As Employees

Companies in the so called gig economy including Uber, Lyft, Doordash and Instacart are trying to retain the status of their drivers as contractors – with some additional benefits as compensation, given the realization that the new administration in the United States under Joe Biden are insisting on reclassification of the workers in the ride-hail…

Advertisement

Samsung’s Quarterly Profits The Highest Since Start Of Pandemic Due To Phone Sale Surge

The strong demand of the flagship Galaxy S21 smartphones and other models propelled the South Korean technology giant Samsung Electronics to report its bets quarterly profits for the latest completed quarter since 2018. The company also reported a 46.3 per cent growth in the net profits for the quarter compared to the same quarter a…

Alphabet Again Reports Record Quarterly Profits, Plans Share Buyback Worth $50 Billion

While issuing a caution about the possibility of a slowdown in the growth in usage and ad sales during the pandemic with roll out of vaccines and with people resuming in-person activities, Google parent Alphabet Inc reported record profits for the second straight quarter as well as a share buyback program worth $50 billion. Analysts’…

Strength In Cloud Business Pushes Growth Of Microsoft Sales

There was some scepticism among investors about the one-off benefits that were included in the quarterly results and about the high hopes after a year-long rally resulting in a drop in Microsoft’s shares despite the company easily beating quarterly sales and profit expectations of analysts. The Redmond, Washington company has become one of the most…